Gym Group Plc/The (GYML)

104.60p
   
  • Change Today:
      1.60p
  • 52 Week High: 267.50
  • 52 Week Low: 94.00
  • Currency: UK Pounds
  • Shares Issued: 128.11m
  • Volume: 38,190
  • Market Cap: £134.00m

The Gym Group sees FY profit in line with views

By Michele Maatouk

Date: Wednesday 14 Jun 2017

LONDON (ShareCast) - (ShareCast News) - The Gym Group said on Wednesday that full-year profit is expected to be in line with consensus market views after trading in the first five months of the year met the board's expectations.
In a trading update ahead of its Capital Markets Day, the operator of low-cost gyms said total members at the end of May were up 19.6% from the first half of last year to 507,000, while average membership for the five months was 18.6% higher at 498,000.

The group said six new gyms will have opened by the end of the first half, bumping the total estate up to 95 sites. Two of the sites at Holborn Circus and Bloomsbury were acquired from Fitness First UK in August 2016 and were subject to a full strip out and refurbishment to the Gym Group specification. The other sites opened are at Edinburgh Murrayfield, High Wycombe, Altrincham and Rotherham. All sites opened in 2017 are trading as expected.

The Gym Group said the pipeline continues to be strong for the rest of this year and is building well for 2018. It reiterated guidance that it expects to open towards the top end of its forecast range of 15 to 20 openings for the full year.

Chief executive officer John Treharne said: "There remains a substantial opportunity with strong fundamentals underpinning our growth and we are confident in delivering continued profitable progress."

At 0930 BST, the shares were up 2.6% to 199p.

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GYML Market Data

Currency UK Pounds
Share Price 104.60p
Change Today 1.60p
% Change 1.55 %
52 Week High 267.50
52 Week Low 94.00
Volume 38,190
Shares Issued 128.11m
Market Cap £134.00m

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 7
buy
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Trades for 02-Dec-2022

Time Volume / Share Price
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13:25 2,388 @ 104.70p

GYML Key Personnel

CEO Richard Darwin

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